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William Eckhardt Quotes: Amateurs go broke taking large losses, professionals go broke taking small profits.
         

Amateurs go broke taking large losses, professionals go broke taking small profits.


William Eckhardt
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"William Eckhardt Quotes." Quoteslyfe.com, 2024. Mon. 04 Nov. 2024. <https://www.quoteslyfe.com/quote/Amateurs-go-broke-taking-large-losses-professionals-1155309>.





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Other quotes of William Eckhardt


It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.

It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.



Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.

Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.



I take the point of view that missing an important trade is a much more serious error than making a bad trade.

I take the point of view that missing an important trade is a much more serious error than making a bad trade.



Good systems tend to violate normal human tendencies.

Good systems tend to violate normal human tendencies.



You can be very promiscuous in your research, but not in your trading.

You can be very promiscuous in your research, but not in your trading.



If the losses don't hurt, your financial survival is tenuous.

If the losses don't hurt, your financial survival is tenuous.



What feels good is often the wrong thing to do.

What feels good is often the wrong thing to do.





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True self-confidence never needs to degrade the confidence of others in order to grow. If it does, it’s not confidence at all…it’s ego.

True self-confidence never needs to degrade the confidence of others in order to grow. If it does, it’s not confidence at all…it’s ego.



Almost nothing need be said when you have eyes.

Almost nothing need be said when you have eyes.



As a doctor, an educator, an innovator and someone who has dedicated his professional career to making things work better and to helping people - I am ready to lead.

As a doctor, an educator, an innovator and someone who has dedicated his professional career to making things work better and to helping people - I am ready to lead.



A man who carries a cat by the tail learns something he can learn in no other way.

A man who carries a cat by the tail learns something he can learn in no other way.



A lot of bands have the enthusiasm kicked out of them by playing really dreary pub venues that just churn bands through.

A lot of bands have the enthusiasm kicked out of them by playing really dreary pub venues that just churn bands through.



Amongst such as out of cunning hear all and talk little, be sure to talk less; or if you must talk, say little.

Amongst such as out of cunning hear all and talk little, be sure to talk less; or if you must talk, say little.



Have you not noticed in your past experience that your kind interpretations were almost always truer than your harsh ones?

Have you not noticed in your past experience that your kind interpretations were almost always truer than your harsh ones?



Under ideal conditions, the barrister and the bhangi (sweeper) should both get the same payment.

Under ideal conditions, the barrister and the bhangi (sweeper) should both get the same payment.



Human requirements are the inspiration for art.

Human requirements are the inspiration for art.



As you get older, youre always maturing, youre always learning something new about yourself.

As you get older, youre always maturing, youre always learning something new about yourself.




Quote Description


This page presents the quote "Amateurs go broke taking large losses, professionals go broke taking small profits.". Author of this quote is William Eckhardt. This quote is about profit, loss, broke,.